The National Institute of Securities Market (NISM) in Mumbai presents an array of scholarships and tuition fee waivers for students from various backgrounds, with the aim of making quality education more accessible. These scholarships cater to a wide spectrum of students, based on merit and economic background, among other factors. Let's delve into the details of these offerings.
NISM Scholarships Overview
The table below summarizes the scholarships and fee waiver schemes available at NISM:
| Scholarship Category | Eligibility | Fee Waiver |
| Merit Scholarship | 1st rank holders in the previous degree from a university/institute with at least 120 students; Must secure at least 60% marks along with 90% attendance in each trimester of the first year | 50% in the first year, continued based on performance |
| Economically Backward Students | Students with meritorious academic record and an annual family income below INR 4.00 lakh; Must secure at least 60% marks along with 90% attendance in each trimester of the first year | 50% in the first year, continued based on performance |
| Local Area Students | Students from Raigarh (MH) district admitted into the PGDM-SM program; Must secure at least 60% marks along with 90% attendance in each trimester of the first year | 30% in the first year, continued based on performance |
| Best Performing Students | Students securing first position/rank in the first year | 50% in the second year |
| Admission Merit-Based Students | Students with first class and above in graduation level, CAT / XAT / GMAT score of 75 percentile & above and other eligible test scores of 80 percentile & above | Up to 50% only in the first year |
| SC/ST and Backward Class Students | Students from SC/ST and Backward class category selected through a competitive process | 50% in the first year |
| Children of Employees of SEBI Registered entities | Students whose parents are employees of SEBI registered entities | 30% in the first year |
| Children and Spouse of SEBI and NISM Staff | Children and spouses of SEBI/NISM employees and support/outsourced staff of NISM; Must secure at least 60% marks along with 90% attendance in each trimester of the first year | 40% in the first year, continued based on performance |
NISM LLM Scholarship
Apart from the above, NISM offers a special scholarship for its LLM program. This scholarship offers up to 30% of the tuition fee waiver, based on the merit and nationality of the students.
| Scholarship Category | Eligibility | Fee Waiver |
| Merit Scholarship (for Foreign national/NRI/NRI Sponsored students) | Students who have secured more than 70% in the LL.B. or equivalent examination | 10-30% based on the percentage secured in LL.B. |
| Nationality-based scholarship | Citizens of SAARC countries, Latin American countries, and African countries | 30% of the tuition fee |
Please note that students can apply for scholarships under one category only. Also, the fee concession will be provided in the 2nd installment of the fee, after the full 1st installment fee has been paid.